IRVINE, California, September 28, 2016 – Keystone Capital Markets, Inc. (“Keystone”) is pleased to announce that its client, Spec Seals, has been acquired by Boyd Corporation, a platform investment of Genstar Capital. Keystone served as the exclusive advisor to Spec Seals in this transaction.
Headquartered in Anaheim, California, Spec Seals is a supplier of synthetic rubber O-rings, gaskets and seals to a wide range of industrial seal distributors and original equipment manufacturers throughout North America. The company is known for maintaining the largest inventory of standard size O-rings in North America in a variety of popular compounds.
The successful transaction culminated an international marketing process that was led by Keystone Capital Markets. Ken Schaefer, owner of Spec Seals remarked, “No M&A firm could have created a better worldwide market for selling our company than Keystone Capital Markets. I am very pleased with the outcome.”
“This was an extremely successful transaction for our client, and we are thrilled with the results of our marketing process”, said Allan Siposs, Managing Director of Keystone. Keystone’s Geoff Blunt added, “This outcome is further evidence of the excellent conditions that exist in the current M&A market. Spec Seals has a very promising future in the hands of Boyd Corporation.”